Arab Republic of Egypt: Selected Issues

January 22, 2018

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Arab Republic of Egypt: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

This paper analyzes that past growth was characterized by a suboptimal allocation of the factors of production and a lack of dynamism in the private sector. By identifying the main constraints to private sector-led growth and higher employment generation, it suggests policies to further shift Egypt’s economic model toward increased private sector participation and integration into global value chains. To this end, reforms should aim at removing the distortions to the optimal allocation of resources in the economy and equip the labor force with the skills needed to benefit fully from future job opportunities. These reforms would also help better integrate women and youth into the job market. The authorities have embarked on a reform program to address these challenges and important steps have already been taken. Improved macrostability and a strong political commitment to reforms present an opportunity to further structural reforms that intensify private sector-led growth and job creation and strengthen trade integration.

Subject: Employment, Labor, Labor markets, Personal income tax, Revenue administration, Tax administration core functions, Taxes

Keywords: Central bank, CR, Employment, Exchange rate, Global, Income tax, ISCR, Job creation, Labor markets, Monetary policy, Personal income, Personal income tax, Private sector, Reform program, Tax administration core functions, Tax avoidance, Transfer pricing

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/015
Stock No:

1EGYEA2018002
ISBN:

9781484338186
ISSN:

1934-7685

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